tri-party repo

What is tri-party repo?

tri-party repo definition and meaning on Finance terms:
Repurchase agreement in which a third party (e. g. a custodian bank, a clearing house or a central securities depository (CSD)) is responsible for the management of the collateral during the life of the transaction. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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